A few weeks ago I wrote that the Obama administration’s policy of continuing (and dramatically increasing) reckless federal spending would result in a national sales tax, better known by its laughable misnomer, the Value Added Tax.
Now John Podesta, the head of President Obama’s transition team and a former top staffer in the Clinton White House, has come out in support of my prediction, saying a national sales tax is “more plausible today than it ever has been.”
According to Podesta, “There’s going to have to be revenue in this budget.”
Excuse me? Maybe Mr. Podesta doesn’t have access to the internet over at the Center for American Progress, but a quick Google search could have told him that the federal government collected more than $2.5 trillion of our money in 2008. That is more than enough revenue for any budget.
It would seem, then, that the problem is not a lack of revenue, but rather an utter lack of restraint on the part of federal officials (cheered on by progressives like Podesta and partisan economist hack Paul Krugman) who just cannot stop spending other people’s money.
Not to mention that Podesta freely admits a national sales tax would be regressive, but says that its negative effect can be offset by using some of “the money to support low-wage workers.”
But, says Podesta, look on the bright side: President Obama might use some of the extra money he takes from the pockets of low-wage and middle class workers to subsidize the government-approved activities of low-wage and middle class workers.
How benevolent of our dear leader. It’s a good thing we have him and his arrogant cohorts to spend our money for us. After all, they have certainly proven adept at it.